(photo credit: Bloomberg)
Israeli households seem to have weathered the global recession relatively well, according to the latest Central Bureau of Statistics report findings released on Wednesday.
According to the report, Israeli households' average net (netto) income rose 0.2 percent to NIS 11,354 per month in 2009 from the previous year, with Israeli households succeeding in maintaining their level of disposable income even while households' average gross (bruto) income declined 1.5 % to NIS 13,578 per month.
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While Israeli households managed on average to hold onto their income through the global downturn, the CBS report indicates that Israel still has a problem with social inequality in comparison with most other developed countries.
In 2009, the top quintile of Israeli household income earners received 41% of all Israeli household income, while the bottom quintile earned only 6% of total household income. Israel's Gini coefficient number, a measure of national income inequality, rose to 0.389 points in 2009, although the CBS report found that the relatively small increase in measured inequality in Israel from 2008 to 2009 was not statistically significant.
Israel's level of income inequality across society is rather high
relative to most OECD countries, which together have an average Gini
coefficient of 0.31.
The CBS survey was based on the responses of 16,752 salaried workers and
15,114 households chosen as a representative sample of Israel's 2.4
million salaried workers.